EnPro Industries, Inc. (NYSE:NPO) announced a quarterly dividend on Wednesday, October 31st, RTT News reports. Stockholders of record on Wednesday, December 5th will be given a dividend of 0.24 per share by the industrial products company on Wednesday, December 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.54%.
EnPro Industries has a payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect EnPro Industries to earn $4.48 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 21.4%.
Shares of EnPro Industries stock traded up $2.08 during trading hours on Wednesday, reaching $62.20. 165,047 shares of the company’s stock were exchanged, compared to its average volume of 154,922. EnPro Industries has a 1 year low of $57.31 and a 1 year high of $94.79. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.21 and a beta of 1.06. The company has a quick ratio of 1.78, a current ratio of 2.64 and a debt-to-equity ratio of 0.56.
In other news, SVP Jon D. Rickers sold 500 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $75.63, for a total transaction of $37,815.00. Following the transaction, the senior vice president now owns 6,215 shares of the company’s stock, valued at approximately $470,040.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.
A number of equities research analysts have recently issued reports on the stock. Oppenheimer dropped their target price on shares of EnPro Industries from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, August 2nd. Zacks Investment Research lowered shares of EnPro Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 4th. TheStreet raised shares of EnPro Industries from a “c+” rating to a “b-” rating in a report on Monday, August 6th. ValuEngine raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $88.00 target price on shares of EnPro Industries in a report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $90.67.
About EnPro Industries
EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.
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